When I played the game, I barely looked at what my competitors were doing. Never give up, we can always find a good way to improve a company, despite its position in a market. However, you can successfully apply most of the following tips to either strategy. This Branded Distribution table of decisions seem to need more time. Hey!! Besides, your team of managers will develop the critical thinking they need to move beyond the functional management of the company as a whole. Thank you so much for the good recommendations. Now, decide to which region you want to ship your private-label shoes. Business Strategy Game - Group 4.docx - Course Hero Whenever you change and sharpen any decisions, you should keep track of your net profits. This is the case of iPhone or any other high end products are bringing values to customers such as cars and fashions. Net Profit of 150 million with increase of 25% every year. ? We have good market share in NA and, last year, we needed to ship the rest of the shoes from AP (incurring in shipping and tariffs costs, hence, the thought of adding capacity in LA). I dont know why the game suddenly changed your numbers but I recommend using every last bit of your capacity. Annual leasing and maintenance fees of $1 million per distribution center/warehouse in each region Per. We even understand the very details such as marketing per pair of shoes, cost of warehouse, administration per pair of shoes, which can contribute to the total cost making the Net Profit higher or lower then decide the Business Results and overall market development. I would then adjust the Percentage of Superior Materials to whatever is needed to match my S/Q Rating with the value plugged in on the Sales Forecast page. With the high-quality shoes + low model strategy, the only thing you care about is your PROFIT. We need to adjust the number of productions to optimal these decisions. Unlock this data. From this highest whole dollar amount, I plug in every possible value around it and find the price that yields the highest net profit. And you said I should only add capacity onto existing ones instead of building a new one in LA right? Keep control of Private Label market with upgraded factories that can produce most of quality at lower cost than any competitors. Graduates are expected to possess broad competencies like problem-solving, critical thinking, and cognitive skills when entering the job market. Otherwise you will not sell any shoe either. I would like to ask you about the Dividends. Strategies, decision screens, reports and tests. After a couple of decision rounds, you will get a feeling for it and it will become easier, no worries. in year 17-18-19 and 20). Hi Fin, Thanks for the detail post and the screen shots. The Business Strategy Game is an online exercise where class members are divided into teams and assigned the task of running an athletic footwear company in head-to-head competition against companies managed by other class members. So, play around and find the best combination for your given S/Q rating that yields the highest net profit. However, do not forget to calculate your possible additional expenses for your celebrities. You will soon know why. Also, we can upgrade NA in C and one other option. Also, G-Brand believes that every organization has a social responsibility to promote harmony within the community it exists. Unused capacity kills your numbers and profits! After you have calculated your new regional wholesale sales volume, add the regional internet sales volume to it. This site uses Akismet to reduce spam. Total Admin Expenses is very low, just 1.49 per pair of shoes. Thanks a lot! After you have plugged in your numbers for both plants and your Branded Pairs Available for Shipment matches your Total Branded Pairs Shipped from each Plant, go ahead, click the Save Decisions button, and move to the Private-Label Operations page. Increase models? Should I decrease the pay dividends and do stock repurchase in Y13? On this decision page, you can bid on celebrities. In order to be continue higher competitive and perform to the higher levels, there are still some areas in which the company can focus to operate better. The Business Strategy Game is a simulation game that allows players to experience the complexities of running a business. Besides, you dont have to spend more on high-quality materials. Beat the Business Strategy Game. Thanks for your strategy! Moreover, the key is a rational debate with a compromise for everyone to understand why the decision is taken and commit to make it a success. Hi Yvonne. Always check the market snapshot and the private-label segment. I cant seem to find it. Do the same for your E-A and A-P volumes and plug them into the A-P manufacturing slot. I have experienced different behavior with bidding on celebrities. So if one of your markets is not satisfied or prices are high, I would built capacity to attack this market and sell a lot of shoes for a cheap price, to guarantee you the lowest price so that you sell all your offered shoes. Entering year 15 I am still doing 8 star but the demand forecast is super low. construction cost to be financed with debt. We have never looked in very details of business management like sales margins or even a few percent of market shares. You then want to select 0% as the Portion of the $XX mil. The same accounts for your Change in Annual Base Wages and Incentive Pay values. No matter the location, our goal is to satisfy our customers foot fashion desires and provide them with the best style and quality in footwear. Do not price your shoes too low, so that you will not make any profits with your sales. Hi Dennis. Models Available weighted average Wholesale Wholesale Price to Retailers span Marketing Brand Advertising (5000 Decisions Mail-in Rebate 9 to $15 por part Delivery Time (1 to 4 wek delivery Retailer Support (50 to $10000 Retail Outlets witing to cry your brand Marketing variables de termined by prior year Celebrity Appeal am creeper Best-Strategy Invitational High-performing companies worldwide face off in a 2-week competition hosted 3 times a year by the BSG author team. We always provide best S/Q with reasonable price just 15% higher than Industry Average, with Largest collection 500 models and also largest networks of retailers worldwide. we are having a horrible time of having left over inventory .. we are in year 13 and our numbers are ok we were 1st place last on year 11 and second place on year 12 but i having a feeling we have been focusing so much on our current numbers we arent going to end well any advise on what we should do on inventory and other sections of the game. This is your new, more precise regional wholesale sales volume. Winning the BSG game is essential. Optimizing your values is the essence of the game, even though it might be very time-consuming. And you can basically never have enough capacity for private label. Hi. So, how can you win the BSG game? With respect to our employees well-being, our G-Brand Company intends is to continue its practices of investing in employee-development and utilize a compensation model that encourages our employees to work hard, while simultaneously striving to be more productive and efficient. If you reach the last decision round, comment down below and I will give you some hints on how to boost your net profits for the last year and gain some extra points. My team and I are going to the second round of decisions, so I think were still on time to switch towards another area in the market. This decision page is mainly a waste of money and we will not spend a lot of time with this page. . Business Strategy Game Simulation Im playing the new version of the game, and your guide has worked perfectly for the first two years! I guess because i grew too fast last week, this weeks net profit is negative (I didnt make any adjustment yet). I started with 250 models and S/Q rating of 5. trying to find the best way to earn some cash for | Chegg.com The decision is due tonight I am so nervous but the performance score so far looks good. That is regardless of the low price, high quality, or variety of models. You will get the hang of it after the first few decision rounds as it is always the same procedure. . It might be tedious work and consumes a lot of time, but it will definitely worth it and will let you win the BSG. This way, it becomes a living guide for decision-making for the entire company. No worries, this is logical and you did nothing wrong. Hello, thanks for the great strategy, it is working (1st place) ! The ROE in Year 18 is good back to 24,3% compared with Investor Expectation of 15%. So do you mean although we sell exactly same shoes it does not matter even my rivals price is lower than mine so long as i can maximize my profit? Can you tell us more about the strategy you had ? I was wondering how much more additional capacity that I should purchase after Ive bought the first 1000 for NA. Hence, make sure to plug in every possible value to reach the highest net profit possible. Our G-Brand Company will continue to pursue its existing High Quality Average Price Large Collection strategy; However, to increase its market share and thereby increase revenue, our company, focus on Net Profit to increase ROE. This is because your competitors are adjusting and trying to find their strategy. This game can be overwhelming, so anything to help other players! As already mentioned earlier, not every decision has to make sense. Toward that end, it put in place responsible environmental policy that ensures more decisions for community. Leave everything else unchanged. After you have found the right price, click the Save Decisions button. Helped me get to the second place! Hence, try to keep your internet price at least 40% higher than your wholesale price. What is Warehouse Management? Benefits, Processes, & Strategies In addition, you have the option to repurchase your stock. After you have calculated the manufacturing volume for each region, add up your N.A. With revised strategy, G-Brand will focus on offering higher quality products, more models, more fashion, to be industry leader in cost for value. in years 13-14-15. Even so, how can you apply the business strategy knowledge and skills in the game? Winning your Business Strategy Game is not easy as it involves wide-ranging decisions on various aspects of the companys operations. We can keep and sell NA after year 16 if we have good and large LA factory. Furthermore, G-Brand will continue focus on what we are top leading like S/Q, models, strong advertising, retailer support, celebrities. Recommendations for Improving the Image Rating in The Business Strategy Game On this page, you will optimize your entries and toggle each value until your reach the maximum profit possible for each entry. It can be very beneficial for you. Over Year from 15 to 18, ROE changes up and down 22.5, 18.2 then 20.0 then in year 17 down to 16.8 then up to 24.3 in Year 18. Two of the most important things to do here are analyzing your competition and optimizing your values. To this point, you are set to dominate your industry and win the Business Strategy game. This decision page deals with your plants. You can ignore the Internet Marketing and Wholesale Marketing pages because they will just reflect your internet and wholesale decisions that you already plugged in on the previous pages. I put $1.00 pay dividends, which turned out 20,000k in total. Thats a game changer!! We will work tirelessly to ensure that our shoes are within reach of purchasing and get the high quality shoes with very large selection. When you found the best combination to produce your shoes at the lowest cost possible while meeting the S/Q rating requirement, move to the Private-Label Bids section. If you set your price lower, you will sell more but lose due to low profits. Does it hurt any other factors? Is there anyway to increase the demand for my shoes in the internet/wholesale markets? We do not leave it in bank or safe. As I keep reading online about different strategies to win, there are some postings that are aligned with the strategy of low quantity of models offered at a high quality and keep increasing capacity. Plant Capacity / Upgrades. This is why building additional capacity is so important. We do not focus on rebate, time of delivery. For further explanation, please read my blog post. Also, I am concerned about the prices strategy; the group who is in the first place has the plan of highest S/Q rating (7) with 200 models and lowest prices. If your results in the first year are not too good, its not a big deal. Be cautious though: Do not only look at the percentage change in net profits, but also at the total value as the total value might change sometimes but the percentage change remains the same. Optimizations are the last task you can do before finalizing each year. Which wholesale are you referring to? Your Delivery Time should be set to 3 weeks. I would like to ask about the Pay Dividends. My stupidness did not know that I should not pay dividends while Im in LOAN mode.
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